Conference Program 2019 Beijing International Workshop on Microeconomics: Empirics, Experiments and Theory June 8-9, 2019 First Floor Meeting Room &Room 417, International Building International Business School Beijing Foreign Studies University In order that a forum for academic communication can be created among scholars around the world on topics in Microeconomic Theory, Behavioral Economics and Experimental Economics, the Beijing Foreign Studies University, International Business School (IBS), the Tsinghua University, Economic Science and Policy Experimental Laboratory (ESPEL), and The Chinese University of Hong Kong, Department of Decision Sciences and Managerial Economics (DSE) are honored to jointly host the 2019 Beijing International Workshop on Microeconomics: Empirical, Experiments and Theory. The conference will take place in First Floor Meeting Room & Room 417 at the International Building, Beijing Foreign Studies University, from June 8th to June 9th, 2019. Fifteen eminent professors and young scholars from China, Korea, Singapore and the US have been invited to present their recent research in the conference. It is our sincere hope to promote research and dialogue in Microeconomic Theory and Behavioral and Experimental Economics through this international conversation. The conference will be held in English. This is the second international conference in the fields of Microeconomic Theory, Behavioral Economics and Experimental Economics hosted by the Beijing Foreign Studies University, International Business School (IBS). We plan to hold the conference on an annual basis during the summer at Beijing Foreign Studies University. Our aim is to build a stage for academic discussion on topics in Microeconomic Theory, Behavioral Economics and Experimental Economics. The conference sessions are open to the public. Individuals interested in attending may officially register with Prof. LIAN Zeng ([email protected]) for further information. There is no registration fee. 1 Sponsors： International Business School, Beijing Foreign Studies University Economic Science and Policy Experimental Laboratory, Tsinghua University Department of Decision Sciences and Managerial Economics, The Chinese University of Hong Kong Organizing Committee： Rong He, Chair of the International Economics Department, Beijing Foreign Studies University Zeng Lian, Beijing Foreign Studies University Jaimie Lien, The Chinese University of Hong Kong Huayong Niu, Dean of the International Business School, Beijing Foreign Studies University Kangyu Ren, Chair of the Finance Department, Beijing Foreign Studies University Zening Song, Vice Dean of the International Business School, Beijing Foreign Studies University Wenli Sun, Vice Dean of the International Business School, Beijing Foreign Studies University Jie Zheng, Tsinghua University Keynote Speakers: Daniel Houser (George Mason University) Daniel Kovenock (Chapman University) Session Presenters: Te Bao (Nanyang Technological University) Lu Dong (Nanjing Audit University) Yali Dong (Beijing Normal University) Daniel Houser (George Mason University) Lingbo Huang (Nanjing Audit University) Zhenxing Huang (Shanghai University of Finance and Economics) Hanjoon Jung (Tianjin University) Daniel Kovenock (Chapman University) Zeng Lian (Beijing Foreign Studies University) Jaimie Lien (The Chinese University of Hong Kong) Xianghong Wang (Renmin University of China) Yun Wang (Xiamen University) Dai Yun (Sun Yet-Sen University) Yang Yang (Sun Yet-Sen University) Boyu Zhang (Beijing Normal University) 2 Conference Program: Saturday June 8th, Sessions 1-3 take place in First Floor Meeting Room, International Building 08:30 – 08:50 Registration 08:50 – 09:00 Welcome and Opening Remarks Zening Song, Vice Dean of International Business School, Beijing Foreign Studies University 09:00 – 09:45 Session One: Keynote Speech Chair: Jie Zheng, Tsinghua University Keynote Speaker: Daniel Houser, George Mason University Endogenous Leverage and Default in the Laboratory 09:45 – 10:00 Coffee Break 10:00– 11:00 Session Two: Social Preferences Chair: Jie Zheng, Tsinghua University Presenters: 10:00 – 10:30 Jaimie Lien, The Chinese University of Hong Kong The Cooperative Consequences of Contests 10:30 – 11:00 Boyu Zhang, Beijing Normal University Evolution of Fairness on Social Networks: Experiment and Theory 11:00 – 11:15 Coffee Break 11:15 – 12:15 Session Three: Communication Chair: Jie Zheng, Tsinghua University Presenters: 11:15 – 11:45 Yang Yang, Sun Yet-Sen University Cheap-Talk Communication in Procurement Auction 11:45 – 12:15 Lingbo Huang, Nanjing Audit University Talk Behind Your Back: Asymmetric Communication in a Three-Person Dilemma 12:15 – 14:00 Lunch Time Session 4-6 take place in Room 417, International Building 3 14:00 –14:30 Session Four: Public Exposure and Defaulting Behavior Chair: Zeng Lian, Beijing Foreign Studies University Presenter: 14:00– 14:30 Xianghong Wang, Renmin University of China Public Exposure and Defaulting Behavior in Public Good Lending 14:30 – 14:45 Coffee Break 14:45 –15:45 Session Five: Uncertainty and Risk Chair: Zeng Lian, Beijing Foreign Studies University Presenters: 14:45– 15:15 Dai Yun, Sun Yet-Sen University Unemployment Risk and Employee Stock Options: Better Protected, Higher Valued Options? 15:15– 15:45 Zhenxing Huang, Shanghai University of Finance and Economics Managers under Uncertainty-Evidence from a Field Experiment 15:45 – 16:00 Coffee Break 16:00 – 17:00 Session Six: Behavioral Experiments Chair: Zeng Lian, Beijing Foreign Studies University Presenters: 16:00– 16:30 Yali Dong, Beijing Normal University An Experimental Study on the Commute Choice of Drivers and Passengers in the Traffic System of Car-Hailing Platforms 16:30– 17:00 Te Bao, Nanyang Technological University Asset Pricing with Ambiguous Signals: An Experiment 17:00 – 20:00 Dinner 4 Sunday June 9th, Sessions 4-6 take place in Room 417, International Building 09:00 – 09:45 Session Seven: Keynote Speech Chair: Jaimie Lien, The Chinese University of Hong Kong Keynote Speaker: Daniel Kovenock, Chapman University Focality and Asymmetry in Multi-battle Contests 09:45 – 10:00 Coffee Break 10:00– 11:00 Session Eight: Public Goods Chair: Jaimie Lien, The Chinese University of Hong Kong Presenters: 10:00 – 10:30 Hanjoon Jung, Tianjin University Public-Good All-Pay Contests with Two Players 10:30 – 11:00 Yun Wang, Xiamen University Rebate Policies in Large-Group Threshold Public Goods Games: Uncertainty and the Role of Belief 11:00 – 11:15 Coffee Break 11:15 – 12:15 Session Nine: Contests Chair: Jaimie Lien, The Chinese University of Hong Kong Presenters: 11:15 – 11:45 Lu Dong, Nanjing Audit University Arms Races and Conflict: Experimental Evidence 11:45 – 12:15 Zeng Lian, Beijing Foreign Studies University Interim Information Sharing in Tullock Contests 12:15 – 14:00 Lunch Time Post-Conference Activities 5 .